Susquehanna Fundamental Investments LLC Takes Position in Molina Healthcare, Inc. (NYSE:MOH)

Susquehanna Fundamental Investments LLC purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 16,309 shares of the company's stock, valued at approximately $4,747,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare during the 4th quarter valued at approximately $52,000. Hurley Capital LLC bought a new position in Molina Healthcare during the 4th quarter worth $55,000. EverSource Wealth Advisors LLC increased its position in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after buying an additional 88 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its stake in Molina Healthcare by 895.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock valued at $58,000 after buying an additional 179 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Up 1.6 %

Shares of NYSE:MOH traded up $5.00 during mid-day trading on Friday, reaching $318.04. The stock had a trading volume of 569,133 shares, compared to its average volume of 676,527. The firm has a 50 day simple moving average of $322.25 and a two-hundred day simple moving average of $307.34. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $365.23. The firm has a market cap of $17.24 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. During the same period in the previous year, the firm earned $5.73 earnings per share. The company's revenue was up 12.2% on a year-over-year basis. On average, research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company's stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 669 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares in the company, valued at approximately $3,603,702. This trade represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,169 shares of company stock valued at $28,520,995. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MOH has been the topic of several recent research reports. Barclays lifted their price objective on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Truist Financial boosted their price objective on Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Baird R W cut Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Mizuho upped their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. Finally, UBS Group decreased their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $365.38.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.